The Indian automotive components sector will clock 10-12% growth in revenue in fiscal 2024, riding on continuing domestic growth buoyed by robust demand from original equipment manufacturers (OEMs)1 on the back of high base of past fiscals, and steady aftermarket demand. This is despite exports continuing to remain sluggish. Continuing demand momentum, driven by OEMs, […]
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Mahindra Last Mile Mobility (LMM), a division of Mahindra & Mahindra, has cemented its No.1* electric 3-wheeler manufacturer status in FY23. During this period, LMM sold 36 816 EVs and had a market share of 14.6%*. This is significantly up from FY22’s performance of 17 522 units and 7.6%* market share. The widespread 1150 touchpoints […]
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Pi-EV, formerly called the FS Electric Vehicle Concept Challenge (FSEV), is a conceptual engineering design competition. This season will mark the 7th consecutive annual challenge. Preliminary Judging for Pi-EV 2023 will be held online. Finals will be held on July 30 at the Ather Energy HQ in Bengaluru. Thirteen student teams have registered for the […]
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CJ DARCL Logistics, a leading player in the logistics industry, is taking significant strides towards sustainability by introducing its first electric vehicle (EV) for intra-city cargo movement in Bengaluru. This marks a pivotal moment in CJ DARCL Logistics’ unwavering dedication to sustainability and its ambition to achieve zero carbon emissions. Nikhil Agarwal, President, CJ DARCL […]
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Greaves Finance Ltd, a non-banking financial company (NBFC) and a wholly owned subsidiary of Greaves Cotton Ltd, has introduced a groundbreaking financial platform called “evfin”. This platform aims to revolutionise the world of electric vehicle (EV) financing and more. The Economic Survey 2023 highlights the pivotal role of the automotive industry in the shift towards […]
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MG Motor India has announced a significant milestone in its journey towards sustainable and futuristic mobility. BluSmart, India’s largest EV ride-hailing service and EV charging superhub infrastructure operator, has placed an order for 500 units of MG ZS EV, a pure-electric internet SUV. Speaking about the order, Gaurav Gupta, Deputy Managing Director, MG Motor India, said, “We […]
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Addressing the ‘FICCI Roundtable on Electric Mobility’, Mr. Tarun Kapoor, Advisor to the Prime Minister, PMO, stated that the time for electric vehicles (EVs) in the country has come and India needs to move in this direction mainly because of our energy security and environmental concerns. “From government side also, we now want to focus on driving this […]
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CBRE South Asia Pvt. Ltd., India’s leading real estate consulting firm, has announced the findings of its report, ‘Electric Vehicles in India – New Wheels on the Roads’. The report focuses on the real estate strategies for various stakeholders in the electric vehicle manufacturing lifecycle. According to the report, real estate requirements for manufacturing EV batteries are […]
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BorgWarner unveiled its new logo underscoring the company’s progress in its eMobility transformation through the execution of its Charging Forward strategy. The new logo is a visual representation of the company’s transformation – it is future-focused, dynamic and signals a new chapter in BorgWarner’s long and proud history. This is the first time the logo […]
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Scoring yet another industry first, Ather Energy, India’s leading electric scooter manufacturer announced a new 60-month vehicle loan product that will make EV scooters more affordable and accelerate its adoption in the world’s largest two-wheeler market. This is also the first time that a finance product with a tenure of 5 years has been rolled […]
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